Bitcoin breaks 10 month trend line support at 7650

Jason Sen DayTradeIdeas.co.uk

Bitcoin

Bitcoin breaks 10 month trend line support at 7650. If we cannot hold above 7500 then bulls have lost the battle & the outlook turns significantly more negative. On a break below 7200 see no reason for us not to retest the April low at 6500/6450 but I doubt it will hold this time.

Bulls need to beat 7600 but we run in to resistance at 7850/7900. Above 8000 allows a recovery to 8260/90.

Author

Jason Sen

DayTradeIdeas.co.uk

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